IN light of the current financial crisis do you agree?

Discussion in 'Politics' started by Revmitchell, Sep 26, 2008.

?

IN light of the current financial crisis do you agree?

  1. Yes

    5 vote(s)
    45.5%
  2. No

    6 vote(s)
    54.5%
  1. Revmitchell

    Revmitchell
    Expand Collapse
    Well-Known Member

    Joined:
    Feb 18, 2006
    Messages:
    38,348
    Likes Received:
    789
    “Article I, section 8 of the United States Constitution grants Congress the power to coin money and regulate its value, thus the Constitution gives Congress control over the U.S. monetary system.

    With the passage of the Federal Reserve Act of 1913, Congress unconstitutionally transferred control of the U.S. monetary system to a consortium of twelve private banks collectively known as the Federal Reserve System or “The Fed”. This system allows The Fed to print money or create it on a computer screen and exchange it for government debt instruments. This means that a group of private banks are authorized to create money out of nothing, and lend it to the government with interest that has to be repaid by the American people through the income tax. The Fed then controls the supply of money, expanding or contracting the supply at will, thus creating constant boom-bust cycles of inflation followed by contraction. The swings in the economic cycle can be gentle or violent depending on whether The Fed is competent or whether it has some other agenda.

    In order to affect any real economic reform we must restore the money of the Constitution. When we do, all other necessary reforms will be possible. The money of the Constitution, or a sound money system, means money based on something or tied to the value of something. The Constitution contemplates that the “something” that money should be based on is gold and silver. If our money supply were tied to a standard of gold and silver, then our government would have to spend within its means or borrow only “real money”. Those loans would be redeemable in gold or silver. This would prevent devaluation of the currency, i.e. inflation, because the government’s ability to create new money at its discretion would be limited.

    The Fed’s control of the money supply of the American people should be ended immediately and control returned to Congress as the Constitution requires. Congress could then act in place of The Fed on it’s way to returning us to a system of sound money.”


    Chuck Baldwin
     
    #1 Revmitchell, Sep 26, 2008
    Last edited by a moderator: Sep 26, 2008
  2. ktn4eg

    ktn4eg
    Expand Collapse
    New Member

    Joined:
    Nov 19, 2004
    Messages:
    3,517
    Likes Received:
    1
    Revmitchell--

    Could you clarify for me what exactly you are asking us to vote to agree or disagree with in this poll?

    Are you asking us to agree/disagree with the actions that the Federal Reserve has recently taken?

    Are you asking us whether or not Congress acted unconstitutionally when it ceded its authority to coin/print money when it passed the Federal Reserve Act?

    Or are you asking us simply whether or not we agree with the statement by Chuck Baldwin in your OP?

    If you would kindly elaborate on what precisely you are asking us to agree/disagree about in your poll, that might help me decide which option to choose.

    Thanks, brother.
     
  3. Revmitchell

    Revmitchell
    Expand Collapse
    Well-Known Member

    Joined:
    Feb 18, 2006
    Messages:
    38,348
    Likes Received:
    789
    Just read the op as is.
     
  4. DeafPosttrib

    DeafPosttrib
    Expand Collapse
    New Member

    Joined:
    Apr 9, 2002
    Messages:
    2,662
    Likes Received:
    0
    Revmitchell,

    I am not sure what your point of question on polls of finanical crisis. I think you need to define the question more clarify what thing we can agree, or not agree with them. Can you please edit the polls, so we can understand your questions better. Thanks.

    In Christ
    Rev. 22:20 -Amen!
     
  5. Revmitchell

    Revmitchell
    Expand Collapse
    Well-Known Member

    Joined:
    Feb 18, 2006
    Messages:
    38,348
    Likes Received:
    789
    I believe the op stands well on its own. But in light of the recent crisis I believe it has become more important than ever.
     
  6. ktn4eg

    ktn4eg
    Expand Collapse
    New Member

    Joined:
    Nov 19, 2004
    Messages:
    3,517
    Likes Received:
    1
    Thanks! :thumbs:

    I now understand that you are asking us to to either agree or disagree with the statement made by Chuck Baldwin.
     
  7. poncho

    poncho
    Expand Collapse
    Banned

    Joined:
    Mar 30, 2004
    Messages:
    19,657
    Likes Received:
    128
    This is a trick question isn't it Rev?

    If we agree then we're quilty of being a traitor to the Bush/Goldman Sachs team and/or the Obama/Chase Manhatten team and will forever have to live with the guilt that "we" are the ones responsible for the sudden failure of our banking system and therefore the horrible suffering "we" brought down on our fellow American and global citizens.

    If we disagree then we're idiots because not only have we've let the "money trust" enslave us with debt and take control of our government we are actively helping them to enslave our children and grandchildren with debt.
     
  8. billwald

    billwald
    Expand Collapse
    Banned

    Joined:
    Jun 28, 2000
    Messages:
    11,414
    Likes Received:
    0
    The US govt holds about one ounce per capita, 4 oz per family. The median pay is around $50,000/family. If every person was paid in gold once a month then what would be the minimum price of gold?
     
  9. Baptist in Richmond

    Baptist in Richmond
    Expand Collapse
    Active Member

    Joined:
    Mar 2, 2003
    Messages:
    5,075
    Likes Received:
    4
    Do you realize how much gold it would take to back just the currency in circulation? What do you think would happen to the price of gold if we suddenly had to go into the market and buy the gold necessary to back the currency in circulation? This is impossible.

    poncho, with respect to Chase Manhattan, that bank has not existed for years. Chemical Bank took over Chase, and kept their name. They were then purchased by JP Morgan. JP Morgan Chase is actually a combination of several money center banks.

    Goldman Sachs just received $5 Billion from Warren Buffet, who is supposedly advising the Obama campaign.

    Regards,
    BiR
     
  10. poncho

    poncho
    Expand Collapse
    Banned

    Joined:
    Mar 30, 2004
    Messages:
    19,657
    Likes Received:
    128
    Who said anything about backing the currency in circulation? I'm all about letting the bankers drown in their debt creating reserve notes and starting over with sound money...the constitutional way. Chase Manhatten, JP Morgan...what's the difference the only thing either of them create is debt, debt and more debt.

    And both of these "candidates" pretending to be on opposite sides of the political spectrum are apparently indebted to these central bankers and would fight to keep them afloat at our expense. This isn't about left vs right...this about the state wanting to keep the creature from Jekyll Island alive and eating out our substance.
     
    #10 poncho, Sep 27, 2008
    Last edited by a moderator: Sep 27, 2008
  11. Chessic

    Chessic
    Expand Collapse
    New Member

    Joined:
    May 2, 2007
    Messages:
    426
    Likes Received:
    0
    paragraph:

    1. agree
    2. agree
    3. disagree
    4. disagree
     
  12. Baptist in Richmond

    Baptist in Richmond
    Expand Collapse
    Active Member

    Joined:
    Mar 2, 2003
    Messages:
    5,075
    Likes Received:
    4
    So what happens to all of those people holding the currency in circulation? Are you suggesting that we should just erase the value that is held in that currency? I know that you don't accept that it holds value, but you cannot deny that the overwhelming majority of Americans have their net worth in those "reserve notes."

    Actually, I have read part of that book. Regardless of whether or not you like the FRB, the simple fact is that it's been in place for almost 100 years.

    Regards,
    BiR
     
  13. Bro. Curtis

    Bro. Curtis
    Expand Collapse
    <img src =/curtis.gif>

    Joined:
    Oct 25, 2001
    Messages:
    20,256
    Likes Received:
    4
    So can we say the experiment failed, yet ? Or give it another 100 years ?
     
  14. poncho

    poncho
    Expand Collapse
    Banned

    Joined:
    Mar 30, 2004
    Messages:
    19,657
    Likes Received:
    128
    They lose don't they? But they lose anyway just by holding the currency.

    No BIR, I'm suggesting that's already happening. The more fiat currency in circulation the less it's worth. The value of the currency is already being erased.

    It doesn't hold value period it has nothing to do with what I accept or not. I won't deny people are going lose, they are. Not because I don't agree with a fiat monetary system but because the system itself isn't sustainable.

    And why is that do you suppose BIR? Because it's a sound system and makes us all prosperous or because it's a great way for the elite to transfer wealth from the many to the few?
     
    #14 poncho, Sep 30, 2008
    Last edited by a moderator: Sep 30, 2008
  15. ray Marshall

    ray Marshall
    Expand Collapse
    New Member

    Joined:
    Aug 15, 2007
    Messages:
    570
    Likes Received:
    0
    If the government wanted to, they could repuderate the debt. Then start over fresh.
    I've never heard any politician make that starement though.
     
  16. billwald

    billwald
    Expand Collapse
    Banned

    Joined:
    Jun 28, 2000
    Messages:
    11,414
    Likes Received:
    0
    Gut feeling is that the government could confiscate private gold as it did several years ago.
     
  17. poncho

    poncho
    Expand Collapse
    Banned

    Joined:
    Mar 30, 2004
    Messages:
    19,657
    Likes Received:
    128
    Actually we're in pretty good shape if things get really bad. We got a nice big militarized police force and Blackwater "contractor" mercenaries to protect us from civil unrest.

    Signed,

    The government and bankers.

    Govcorp Inc. Taking care of your wealth since 1913.
     
    #17 poncho, Oct 1, 2008
    Last edited by a moderator: Oct 1, 2008
  18. Baptist in Richmond

    Baptist in Richmond
    Expand Collapse
    Active Member

    Joined:
    Mar 2, 2003
    Messages:
    5,075
    Likes Received:
    4
    Not in the way they would if we simply wipe out all the federal reserve notes.

    That is a direct result of the policies of the current Administration and the people they have installed.

    It does hold value, as long as it's accepted for payment.

    You're too late, poncho.

    Hope all is well,
    BiR
     

Share This Page

Loading...